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WorksheetsPricing Review - Bus. Foundations
Total questions: 12
Worksheet time: 9mins
____ is what you provide in trade for your client's money.
list price
margin
markup
value
The amount added to your cost to calculate the selling price.
margin
markup
cost of goods sold
list price
Cutting into your profits and charging an extremely low price to consumers is known as price gouging.
True
False
Calculating a price by detemining your cost to produce it and adding a markup is known as (a) -based pricing.
The process of assigning prices to items you're selling is called __.
overpricing
pricing
retailing
listing
Which of the following can have an impact on the final price charged to consumers? (Select all that apply.)
your costs
the competition
the day of the week
supply and demand
The selling price minus the unit cost is known as ___ (the profit you make off each item).
markup
list price
margin
value
Using psychological pricing techniques, which of the following prices is typically perceived as a value?
$19.99
$20
$20.25
If your cost is $3.00 and you plan to use a 100% markup, the markup amount is
$6.00
$2.00
$3.00
$1.50
If your cost is $10 and the markup amount is $15 the selling price will be
$5.00
$150.00
$35.00
$25.00
It cost you $2.50 to make a large cheese pizza, you sell a large cheese pizza for $12.00. What is your margin (in $) for the large cheese pizza?
$14.50
$2.50
$9.50
$15.00
Which of the following expenses should your price cover? (Select all that apply.)
rent
taxes
insurance
cost of goods sold
